The Polyethylene Market is Predict to reach USD213.6 Billion by 2031, at a CAGR of 4.9%

Polyethylene Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Polyethylene Market size is expected to reach $213.6 billion by 2031, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,04,899.1 kilo tonnes, experiencing a growth of 16.9% (2020-2023).

The Low-density Polyethylene (LDPE) segment is anticipating a CAGR of 5.1% during (2024 - 2031). LLDPE is commonly used in rotational molding (rotomolding) applications to produce hollow plastic parts and components such as tanks, containers, toys, and playground equipment. LLDPE offers excellent moldability, impact resistance, and UV stability, making it ideal for outdoor and durable applications.

The Bottles & Containers segment is leading the Global Polyethylene Market by Application in 2023; thereby, achieving a market value of $76 billion by 2031. Polyethylene offers versatility in the design and production of bottles and containers for various industries such as food and beverage, pharmaceuticals, personal care, household products, and industrial chemicals. It can be molded into different shapes, sizes, and configurations to meet the specific packaging requirements of different products.

The Construction segment is registering a CAGR of 4.1% during (2024 - 2031). Polyethylene pipes are widely used in the construction industry for various applications, including water distribution, gas transmission, sewage systems, and drainage. High-density polyethylene (HDPE) pipes, in particular, are preferred for their durability, flexibility, and resistance to corrosion, chemicals, and abrasion.

Full Report: https://www.kbvresearch.com/polyethylene-market/

The Asia Pacific region dominated the Global Polyethylene Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $102.6 billion by 2031. The Europe region is experiencing a CAGR of 4.4% during (2024 - 2031). Additionally, The North America region would exhibit a CAGR of 4.6% during (2024 - 2031).

List of Key Companies Profiled

• BASF SE
• SABIC (Saudi Arabian Oil Company)
• Borealis AG (OMV)
• Braskem S.A. (Odebrecht S.A)
• The Dow Chemical Company
• Exxon Mobil Corporation
• Formosa Plastics Group
• INEOS Group Holdings S.A.
• Mitsubishi Chemical Holdings Corporation
• Sinopec Group (China Petrochemical Corporation)

Polyethylene Market Report Segmentation

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• High-density Polyethylene (HDPE)
• Low-density Polyethylene (LDPE)
• Linear Low-density Polyethylene (LLDPE)

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Bottles & Containers
• Films & Sheets
• Bags & Sacks
• Pipes & Fittings
• Others

By End-Use (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Packaging
• Construction
• Automotive
• Agriculture
• Consumer Electronics
• Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Polyethylene Market Size & Analysis 2031

• June-2024
• 150 Pages

LAMEA Polyethylene Market Size, Share & Forecast, 2031

• June-2024
• 174 Pages

Europe Polyethylene Market Size | Growth Report 2031

• June-2024
• 174 Pages

Asia Pacific Polyethylene Market Size & Growth | 2031

• June-2024
• 179 Pages